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DR News: Record US Listings for Chinese Firms

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China-based companies listed on US exchanges in record numbers in 2010 and were among the best-performing initial public offerings, although many had trouble holding on to their first-day gains.

With 41 US IPOs by China-based companies in 2010, there are now more than 300 Chinese stocks traded on US exchanges.

That number is sure to increase in 2011, with a half-dozen China-based companies preparing to go public in the US. Chinese issuance may moderate this year, however, as Beijing implements policies to control inflation, according to Renaissance Capital, an investment bank focused on emerging markets.

Oak Pacific Interactive, one of China's largest social networking companies, hired Credit Suisse and Deutsche Bank to underwrite its IPO in the first half of this year. TaoMee, a social networking site for children, plans to come to market later this year. Redbaby, an online baby-goods retailer, and Uni-Power, which provides financial services to small and medium enterprises, also are getting ready to go public in the US this year.

Youku.com, known as China's YouTube, and China Dangdang, likened to Amazon.com, rose sharply in their debuts in December 2010.

Youku.com selected Citi as depositary for its American depositary shares program. J.P. Morgan announced the creation of an American depositary receipt program on the NYSE in conjunction with a $162 million IPO by iSoftStone Holdings, a China-based information technology services provider.